CGS earns ‘BBB-’ rating
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TRIS Rating has given Country Group Securities Plc (CGS) a company rating of “BBB-”, which it said reflected CGS’ status as a core subsidiary of Country Group Holdings PLC (CGH, rated “BBB-/Stable”).
The rating was based on the company’s profit contribution, ownership linkage to CGH and the importance of its business operation to the group’s overall business strategy.
The company rating also reflected its strong capital base and liquidity.
The rating was, however, constrained by declining profitability.
